Hitachi Joins Energy Web

Strategic collaboration with Hitachi ABB Power Grids will advance carbon-neutral societies

Zurich and Zug, Switzerland — 9 March 2021 — Today Hitachi, one of the world’s largest solution providers to the energy and utilities sector, became the newest member of Energy Web (EW). The strategic collaboration between the two organizations will advance future carbon-neutral societies by leveraging open-source, decentralized, digital technologies.

With Hitachi’s joining, Hitachi ABB Power Grids will collaborate with Energy Web. Hitachi ABB Power Grids is a joint venture formed in 2020 between two Fortune Global 500 companies: Japanese multinational conglomerate Hitachi and Swedish-Swiss multinational corporation ABB.

With a combined 250 years of heritage, the new joint venture serves utility, industry, and infrastructure customers across their respective value chains, including solutions focused on sustainable energy, green transportation, decarbonization, smart cities, and digital transformation.

“The key to a successful transition from fossil-fueled, combustion-derived energy to clean renewable energy can only be achieved by working within a collaborative consortium of visionary companies, such as the Energy Web ecosystem,” explained Stuart Young, Energy Transition Champion, Hitachi ABB Power Grids. “The greatest development to humankind in modern times is the Internet of Value (IoV). Only by harnessing the capabilities of blockchain technologies and the open-source EW-DOS tech stack, can we effectively and efficiently develop our digital solutions and address the global objectives of reducing emissions, optimizing infrastructure and industry, and delivering on our Sustainable Development Goals (SDG). Hitachi’s core values are built on our commitment to delivering economically viable innovation and reducing social inequality, by providing affordable, reliable, and sustainable, carbon-free energy to all.”

It has already been a busy year for Hitachi ABB Power Grids. Just last month the company announced several major projects, including grid integration of the power from Qatar’s first utility-scale solar farm, providing the energy storage solution for Singapore’s first virtual power plant, and transmission interconnection of the world’s largest offshore wind farm (in the North Sea off the coast of the UK).

“We are proud to welcome Hitachi and Hitachi ABB Power Grids into the Energy Web ecosystem as our newest member. Our two organizations are a natural fit, closely aligned around the goal of accelerating the low-carbon energy transition,” said Walter Kok, CEO of Energy Web. “With an Energy Web ecosystem that already includes many of the world’s largest and most-innovative grid operators and energy companies, Hitachi is an important addition representing a critical segment of the value chain.”

Hitachi and Hitachi ABB Power Grids will expect to have a joint project with Energy Web in the near future.

About Hitachi
Hitachi, Ltd., headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company’s consolidated revenues for fiscal year 2019 (ended March 31, 2020) totaled 8,767.2 billion yen ($80.4 billion), and it employed approximately 301,000 people worldwide. Hitachi drives digital innovation across five sectors — Mobility, Smart Life, Industry, Energy and IT — through Lumada, Hitachi’s advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. Its purpose is to deliver solutions that increase social, environmental and economic value for its customers.

For more, please visit https://www.hitachi.com

About Hitachi ABB Power Grids
Hitachi ABB Power Grids is a global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries. Headquartered in Switzerland, the business serves utility, industry and infrastructure customers across the value chain, and emerging areas like sustainable mobility, smart cities, energy storage and data centers. With a proven track record, global footprint and unparalleled installed base, Hitachi ABB Power Grids balances social, environmental and economic values. It is committed to powering good for a sustainable energy future, with pioneering and digital technologies, as the partner of choice for enabling a stronger, smarter and greener grid.

For more, please visit https://www.hitachiabb-powergrids.com

About Energy Web
Energy Web is a global, member-driven nonprofit accelerating the low-carbon, customer-centric energy transition by unleashing the potential of open-source, digital technologies. Our Energy Web Decentralized Operating System (EW-DOS) enables any energy asset, owned by any customer, to participate in any energy market. The Energy Web Chain — the world’s first enterprise-grade, public blockchain tailored to the energy sector — anchors the EW-DOS tech stack. The Energy Web ecosystem comprises leading utilities, grid operators, renewable energy developers, corporate energy buyers, IoT / telecom leaders, and others.

For more, please visit https://energyweb.org.

CONTACTS
Rebecca Bleasdale, Hitachi ABB Power Grids
+41 78 643 26 13 | rebecca.bleasdale@hitachi-powergrids.com

Peter Bronski, Energy Web
+1.201.575.5545 | peter.bronski@energyweb.org